What is the technical trend for Scan Projects?
As of May 29, 2025, Scan Projects shows a mildly bearish trend, with conflicting indicators like a bullish weekly RSI and bearish MACD, suggesting short-term strength amid overall caution.
As of 29 May 2025, the technical trend for Scan Projects has changed from bearish to mildly bearish. The weekly MACD indicates a bearish stance, while the monthly MACD is mildly bearish, suggesting a lack of strong upward momentum. The weekly RSI is bullish, which contrasts with the overall mildly bearish trend, indicating some short-term strength. Moving averages on the daily chart are mildly bearish, reinforcing the cautious outlook. Bollinger Bands on the weekly are also mildly bearish, while the monthly shows a sideways movement, indicating indecision. Dow Theory reflects a mildly bullish stance on both weekly and monthly time frames, suggesting potential support for price stability. Overall, the current technical stance is mildly bearish, with key indicators like MACD and moving averages driving this view.
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